A look at SpaceX's potential IPO, which reportedly aims to raise up to $50B at a $1.75T valuation, more than 7x higher than its ~$200B valuation in October 2024
Star Trek's warp drive allows a starship to bend space-time and exceed the speed of light without breaking Einstein's general theory of relativity.
A profile of Chase Herro, who calls himself the “dirtbag of the internet” and sources say is the dealmaker behind Trump's crypto project World Liberty Financial
'If you do this right, who f—ing cares if it goes to zero,' Chase Herro once said of crypto.
A profile of Chase Herro, who calls himself the “dirtbag of the internet” and sources say is the dealmaker behind Trump's crypto project World Liberty Financial
'If you do this right, who f—ing cares if it goes to zero,' Chase Herro once said of crypto.
Sources: OpenAI's annualized revenue hits $3.4B, up from ~$1B in summer 2023 and $1.6B in late 2023, with ~$3.2B from subscriptions to its chatbots and API fees
The Information :
An X post from US SEC Chair Gary Gensler says that the @SECGov's “twitter account was compromised”, and that the agency has not approved spot bitcoin ETFs
The X account of the U.S. Securities and Exchange Commission, which is deciding whether to approve bitcoin ETFs, “was compromised,” the regulator told CoinDesk.
An interview with Sam Altman on OpenAI's GPT-4, how “people should be happy” that OpenAI is a “little bit scared of” its tools, misinformation, rivals, and more
“This will be the greatest technology humanity has yet developed,” he said. — OpenAI CEO Sam Altman speaks with ABC News, Mar. 15, 2023.
OpenAI's GPT-4 failed a CFA Institute exam, the finance world's self-styled toughest test, scoring eight out of 24, despite the answers being available online
Artificial intelligence versus arbitrary irrelevance — It's an algorithmic mystery box that inspires fear, awe and derision in equal measure. Tweets: @bgurley , @mbrookerhk , @ro...
An FTX bankruptcy filing describes $3.2B+ in payments and loans to founders and executives, chiefly from Alameda Research, including ~$2.2B to Sam Bankman-Fried
Identify Over $3.2 Billion in Transfers to Founders and Key Employees — Forensic Work Continues on Intercompany and Other Transactions
VC firm Greenoaks warned its founders of potential problems at Silicon Valley Bank in a November 2022 email; a source says 12+ portfolio startups withdrew ~$1B
How startup founders are reacting to Silicon Valley Bank's collapse, as some worry about frozen funds, operating expenses, and paying employees full salaries
Engineers at Polymath Robotics were working late Wednesday night on multiple projects when co-founder and CEO Stefan Seltz-Axmacher noticed chatter …
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities
Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities — Silicon Valley Bank has launched a $2.25bn share sale …
Email: VC firm Greenoaks warned founders of potential problems at SVB in November 2022; a source says over 12 portfolio companies withdrew ~$1B in recent months
Venture investment firm Greenoaks Capital Partners warned its startup founders of potential problems at SVB Financial Group's Silicon Valley Bank …
Some UK officials and SoftBank staff blame onerous FCA rules, complexity and cost, inflexibility, and political chaos for Arm's decision to shun London listing
Financial Times :
New Bing offers marvelous responses, dangerously convincing falsehoods, direct quotes that appear to be made up, and shocking claims about its own capabilities
“You're in!” the email said. “Welcome to the new Bing!” Last Sunday, I joined a small wave of users granted early access …
The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value
Takeaways from SEC complaint Cosmos Ecosystem Chat Newsletter : SEC Charges Do Kwon, Mars on Crescent, Turkey Earthquake Aid Proposal - CEC Issue #25 The Block : U.S. investigation...
Sources: Jump is the unnamed “US trading firm” that the SEC said helped support the TerraUSD stablecoin in May 2021; the SEC has not accused Jump of wrongdoing
Published 1 hour and 25 minutes earlier on — Jump is the unidentified “U.S. trading firm” …
The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value
The US Securities and Exchange Commission is preparing to sue the company behind TerraUSD, a crypto stablecoin whose collapse …
A look at Elon Musk's options to meet his $13B debt obligations after the Twitter buyout; sources say the first interest installment could be due by January-end
Billionaire faces tough choices to meet financial obligations of takeover financed by $13bn debt
The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising $1.8B+ since at least May 2019
Defendant concealed his diversion of FTX customers' funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors
A look at a draft copy of Sam Bankman-Fried's planned House testimony, including accusations against John Ray and screenshots from a chat with Changpeng Zhao
Sam Bankman-Fried, founder of collapsed crypto exchange FTX, was scheduled to testify Tuesday before the U.S. House of Representatives Committee on Financial Services.